Sprint near deal to buy T-Mobile for $40/share: reports

SAN FRANCISCO (MarketWatch) -- Sprint Corp.
S, +1.55%
is near a deal to buy T-Mobile
TMUS, -0.05%
for around $40 a share, according to reports late Wednesday. A deal could be announced as early as July, the Wall Street Journal and Bloomberg reported, citing people familiar with the process. A breakup fee could top $1 billion.

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